South Africa Jobless Rate Unchanged at 2004 High of 27.7%


South Africa's unemployment rate came in at 27.7 percent in the third quarter of 2017, the same as in the previous two quarters and remaining the highest rate in 13 years. The number of unemployed rose by 33 thousand to 6.21 million and the number of employed advanced by 92 thousand to 16.19 million.

The number of unemployed persons increased by 33 thousand to 6.21 million from 6.17 million in the second quarter. Employment rose by 92 thousand to 16.19 million from 16.10 million in the previous period. Job losses occurred in the informal sector (-71 thousand) and in agriculture (-25 thousand), but gains were recorded in the formal sector (187 thousand)

The labour force advanced by 125 thousand to 22.40 million from 22.28 million in Q2; and those detached from it rose by 31 thousand to 14.97 million from 14.94 million.

The expanded definition of unemployment, including people who have stopped looking for work, rose to 36.8 percent in the third quarter from 36.6 percent in the previous period.

A year earlier, the jobless rate was lower at 27.1 percent. 

South Africa Jobless Rate Unchanged at 2004 High of 27.7%


Statistics South Africa | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/31/2017 10:38:55 AM